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Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.
Decentraland launches virtual property renting for LAND owners
The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace.
Report outlines reasons why stakeholders are against CBDC
The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”
Gate.io pledges $100M to revive crypto and rebuild investor confidence
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.
3AC subpoenas issued as dispute grows over claims of Terraform dump
The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.
XRP Price Prediction: Bears Struggle, Time To Buy The Dip?
Ripple is consolidating above the $0.375 support zone against the US Dollar. XRP price could gain pace if it clears the $0.40 and $0.415 resistance levels.
Ripple is currently consolidating above the $0.375 and $0.380 levels against the US dollar.
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Blockstream raising funds for mining at 70% lower company valuation
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
Iran set to freeze bank accounts of women who refuse to wear a hijab
Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs.
Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo
The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions but he was fined for it regardless and for also not declaring a “gift” of the token.
Crypto will be regulated as securities — ICE boss and Senator Warren
Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.